This is a painful loss, not just for the Portland Trail Blazers, but for the NBA.

Paul Allen, who made his money as one of the founders of Microsoft and went on to start Vulcan enterprises, which owns the Trail Blazers as well as the NFL’s Seattle Seahawks, has passed away from his battle with cancer. He was just 65 years old.

It is with deep sadness that we announce the death of @PaulGAllen, our founder and noted technologist, philanthropist, community builder, conservationist, musician and supporter of the arts. All of us who worked with Paul feel an inexpressible loss today. https://t.co/OMLZ7ivvSDpic.twitter.com/Bfa8kK6Q8e

“Paul Allen was the ultimate trail blazer – in business, philanthropy and in sports,” NBA Commissioner Adam Silver said. “As one of the longest-tenured owners in the NBA, Paul brought a sense of discovery and vision to every league matter large and small. He was generous with his time on committee work, and his expertise helped lay the foundation for the league’s growth internationally and our embrace of new technologies. He was a valued voice who challenged assumptions and conventional wisdom and one we will deeply miss as we start a new season without him. Our condolences go to his family, friends and the entire Trail Blazers organization.”

After his first battle with the disease, Allen left Microsoft to pursue other interests, which included philanthropy and owning the Trail Blazers and Seahawks. Allen bought the Trail Blazers in 1988 for $70 million from real estate developer Larry Weinberg. Forbes currently estimates the value of the franchise at $1.3 billion.

It is possible this will lead to a sale of the Trail Blazers in not too distant future.

There has been a plan in place for the Blazers and Seahawks for a couple of years in the event of Paul Allen's death. Paul's sister Jody does not want to own either team according to my sources. So look for both teams to be sold by Allen's estate.

(Do not think this means another owner can swoop in like a vulture and move the team. Aside the fact Commissioner Adam Silver and the league would push back against moving a healthy franchise, the Blazers’ lease at the Moda runs through 2025, with explicit language to keep the team in Portland through 2023 at least.)

Allen’s sister, Ms. Jody Allen, released the following statement:

“Paul’s family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us – and so many others – we are profoundly grateful for the care and concern he demonstrated every day.”

Phoenix Suns forward Kelly Oubre Jr. will undergo a minor procedure on his left thumb and miss the rest of the season, league sources told ESPN.

Oubre is expected to make a full recovery in four to six weeks, sources said.

This could be a blessing in disguise for Oubre, who’ll be a restricted free agent this summer. He ends his season on a high note on the court. There’s no opportunity for regression to the mean. This also isn’t an injury that will last long into the offseason.

The 23-year-old Oubre is a versatile defender. When his 3-pointer is falling, he looks really good. In a league that can’t get enough productive wings, he should draw a solid contract.

Kevin Durant gave you the nickname “Mr. Thunder.” Do you think the Thunder should eventually retire No. 35?

It’s their decision to make, but I would certainly think so. He’s meant a ton to Thunder basketball and spent a huge majority of his career here. A lot of these honors are just kind of what the team decides to do, and I think players are appreciative of them. I don’t get too worked up about it. I’ll let other people debate that, but to me, he’s a big part of what we did here.

The Thunder will probably retire Durant’s number. Time heals most wounds, likely including this one.

Durant spent eight seasons in Oklahoma City. He won MVP and made five All-NBA first teams and an All-NBA second team there. He helped the Thunder win 10 playoff series.

No matter when each player retires, Oklahoma City will almost certainly retire Russell Westbrook‘s number first. He’s the one who stayed.

But some time after that, I’d bet on Durant getting his number retired.

Covington has missed the last 34 games while recovering from a right knee bone bruise, originally suffered on December 31 at New Orleans. Covington had made improvements in his recovery and had progressed to on-court activities, in preparation to rejoin the team. However, he recently suffered a setback which will require further treatment before returning to the court and as a result, is expected to miss the remainder of the season.

Rose has missed the last four games while experiencing soreness and swelling in his right elbow. An MRI taken Tuesday at Mayo Clinic Square revealed a chip fracture and a loose body in his elbow. The team and Rose are currently exploring further treatment options and he is expected to miss the remainder of the season.

Teague has missed the last four games after reaggravating a left foot injury, originally suffered in December. On Tuesday, Teague received an injection designed to treat chronic inflammation. He will wear a boot and is scheduled to be reevaluated in approximately three weeks. He is expected to miss the remainder of the season.

The language – “expected to miss the remainder of the season” – allows the possibility of the players returning. But the Timberwolves wouldn’t set this expectation unless they were pretty certain the players were finished.

Covington deserved All-Star consideration, and maybe Minnesota would still be in the playoff mix if he remained healthy. He was also heading toward an All-Defensive team before getting hurt. I doubt 35 games, even at 34 minutes per game, will be enough to get him selected now. Paul George, Giannis Antetokounmpo and Draymond Green clearly belong ahead of him. Covington has an outside chance for that fourth spot, though.

Rose had a bounce-back year after it appeared he could fall out of the NBA entirely. He looks like a solid backup point guard. He’ll draw plenty of interest in free agency this summer.

Teague has a $19 million player option for next season. He already seemed likely to exercise it, and this only increases the odds. The 30-year-old had a relatively down season.

Teague’s and Rose’s absences will leave the ball in Tyus Jones‘ hands at point guard. Jones has looked good in a small role, and this offers him an opportunity to prove himself before restricted free agency this summer.

Importantly for Towns, Minnesota’s depth at point guard allows him to play with someone credible at the position while he attempts to finish the season strong. There’s a lot of room to produce for the Timberwolves now, though Towns will likely face double-teams even more frequently.